Aurico Metals CFO resigns, company finds high-grade core at Kemess East

28th March 2016 By: Henry Lazenby - Creamer Media Deputy Editor: North America

TORONTO (miningweekly.com) – TSX-listed AuRico Metals on Monday announced that CFO Robert Chausse had resigned effective March 31.

The company advised that Chausse was leaving to pursue the position of CFO at another company.

"We thank Rob for his contributions, particularly the integral part he played in seeing AuRico Metals through its establishment as a new company," stated AuRico Metals president and CEO Chris Richter.

Chausse’s replacement would be announced in due course.

Meanwhile, AuRico last week announced that it had identified a high-grade core at the 100%-owned Kemess East deposit, in north-central British Columbia. The updated resource included a high-grade core estimated to contain indicated resources of 19.2-million tonnes grading 0.47% copper and 0.72 g/t gold, as well as inferred resources of 31.7-million tonnes grading 0.45% copper and 0.63 g/t gold.

The high-grade core was associated with a strong potassic alteration zone and was open to the west, north and south directions, as was the overall deposit.

The overall Kemess East deposit was estimated to contain indicated resources of 39.2-million tonnes grading 0.4% copper and 0.5 g/t gold, as well as inferred resources of 109.6-million tonnes grading 0.37% copper and 0.38 g/t gold.

The Kemess East deposit was located about 1 km east of the Kemess Underground deposit and 6.5 km north of the Kemess South facilities. The Kemess property was located about 430 km north-west of Prince George.